Rhumbline Advisers Trims Position in Guess?, Inc. (NYSE:GES)

Rhumbline Advisers decreased its holdings in Guess?, Inc. (NYSE:GES) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,311 shares of the company’s stock after selling 2,631 shares during the quarter. Rhumbline Advisers owned about 0.08% of Guess? worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Quarry LP increased its stake in shares of Guess? by 216.9% in the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after acquiring an additional 2,299 shares in the last quarter. EMC Capital Management increased its stake in shares of Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after purchasing an additional 6,068 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Guess? by 23.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company’s stock valued at $280,000 after purchasing an additional 3,906 shares during the last quarter. Verity Asset Management Inc. lifted its holdings in shares of Guess? by 41.5% during the fourth quarter. Verity Asset Management Inc. now owns 22,972 shares of the company’s stock valued at $323,000 after purchasing an additional 6,738 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of Guess? by 1,235.5% in the 3rd quarter. Quest Partners LLC now owns 17,428 shares of the company’s stock worth $351,000 after purchasing an additional 16,123 shares in the last quarter. Institutional investors own 61.74% of the company’s stock.

Guess? Stock Up 6.6 %

Shares of GES opened at $10.99 on Friday. The firm has a fifty day moving average price of $12.50 and a 200-day moving average price of $16.09. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $565.62 million, a P/E ratio of 9.24 and a beta of 1.87. Guess?, Inc. has a 12-month low of $9.40 and a 12-month high of $33.50.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Telsey Advisory Group reduced their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. UBS Group cut their price target on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.

About Guess?

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.